Debit and Credit value restriction
by Loyal IT Solutions PVT Ltd http://www.loyalitsolutions.com
Odoo
$ 17.04
| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Inventory (stock)
• Invoicing (account) • Discuss (mail) |
| Lines of code | 118 |
| Technical Name |
loyal_debit_and_credit_value_restriction |
| License | LGPL-3 |
| Website | http://www.loyalitsolutions.com |
| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Inventory (stock)
• Invoicing (account) • Discuss (mail) |
| Lines of code | 118 |
| Technical Name |
loyal_debit_and_credit_value_restriction |
| License | LGPL-3 |
| Website | http://www.loyalitsolutions.com |
Excess Amount restriction in Credit Note and Debit Note
Businesses use debit notes and credit notes as official documents for accounting sale return and purchase return transactions. These notes inform the buyer how much credit they have or how much further they owe to the vendor. Debit note vs credit note becomes important to understand where business frequently deals with both scenarios. This module facilitates users to restrict the addtional credit note and debit note value in Invoice and Vendor bill. This will prevent the accounts value maintenance in proper way.
Version 15.0
Enterprise
Key Highlights!
- Can restrict the Credit note value which is higher than the Invoice value
- Can restrict the Debit note value which is higher than the Vendor bill value
- Can use this restriction in the case of Multiple credit and debit note
- Controlled by easy Settings
- Warning when you return additional quantities in delivery and receipt
- Manage the credit and debit values with respect to the values of Invoice and Vendor bill.
Overview
A Credit Note is a document that a seller issues to a buyer to inform them that credit has been credited to their account. A seller can provide a credit note when a customer needs to cancel all or a portion of an invoice for several reasons, including After an invoice has been issued, changes to an order can be made. A debit note is a commercial document that a buyer sends to a seller. It is a request for a refund of payments from a buyer to their seller owing to defective or damaged goods, transaction cancellation, or other specified reasons. In odoo there is no restriction for the value of credit note against an invoice and debit note against a vendor bill. Here it will prevent the user to create debit and credit note which is higher than actual invoice value.
Configuration and Features
01
Install the module. Go to Accounting settings search for 'Credit Debit Restriction'. Enable this option to restrict the additional debit and credit value.
02
Complete a Sales process. Once you confirm an invoice you have an option to 'Add credit note' against that
03
Here the invoice value is 100. We can process a credit note against this invoice with a value higher than 100. Choose partial payment option after clicking the Add Credit Note.
04
Click on Reverse option, you will get a deaft of credit note where you can edit the credit note value. Edit the value and provide value higher than the invoice value
05
When you click confirm you will receive a warning message that the amount 'Exceeds the invoice amount'
06
You will not be able to process the credit note untill the value is equal or below the invoice value. You can click ok and edit the value to submit the credit note.
07
Consider the delivery order of this transaction with a product quantity 2.
08
When you try to return the quantities than the delivered it will give a warning that It is not permitted to return additional quantities.
09
Complete a purchase process from Purchase module. Process a vendor bill. You can see an option to process a vendor credit note.The current amount of the vendor bill is 300.
10
Create a debit note or vendor credit note from here. You can choose the partial and click on reverse button.
11
A draft vendor credit note will be created. As the vendor bill was 300. Supply a value greater than 300.
12
You will receive a restriction warning that is the current value 'Exceeds the Invoice amount'. You will not be able to process that debit note or vendor credit note untill the value in the vendor bill is equal or below the vendor bill value.
13
Similar to the Delivery return quantity restriction, it is in receipt when you supply additional quantity than received will receive a restriction warning that ' It is not permitted to return additional quantities'
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Need Any Help?
Do you have any query ? Do you need any support from our side ? We are happy to assist you
Email us
support@loyalitsolutions.com / info@loyalitsolutions.com
Contact Us
www.loyalitsolutions.com
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